Money

 ARC Ride has today announced it has secured $5 million in financing from British International Investment (BII), the UK’s development finance institution and impact investor. This investment is set to provide e-mobility solutions for Kenya’s cities, marking a boost to the nation’s electric vehicle (EV) adoption efforts. The funding will enable ARC Ride’s initial rollout
The post ARC Ride to roll out 5,000 electric bob-bodas, standardize battery swapping with BII Funding appeared first on HapaKenya. Read More

 The African Export-Import Bank (Afreximbank) has released its consolidated financial statements for the first quarter of 2025, revealing a strong performance. Afreximbank Group recorded a net income of US$215 million, marking a 21% year-on-year increase from US$178 million in the previous period. This growth was driven by a 4.53% rise in net interest income to
The post Afreximbank net income jumps 21% to US$215 Million in strong Q1 2025 appeared first on HapaKenya. Read More

 NCBA Group has announced a profit after tax of Ksh. 5.5 billion for the first quarter of 2025. This represents a 3% increase from the Ksh. 5.3 billion reported during the same period last year. The rise in profitability was driven by a rise in digital loan disbursements, which rose 32%  year-on-year to Ksh. 307
The post NCBA Group Q1 2025 profit after tax rises 3% to Ksh. 5.5B, driven by digital loans appeared first on HapaKenya. Read More

 Changing the game responsibly In a world where betting has become part of the daily entertainment for millions of people, the question is increasingly relevant: how to play and not lose yourself? The answer is provided by 1xBalance — an initiative of the 1xBet brand. It is not just a campaign. It is a culture
1xBalance: update on project progress first appeared on Bizna Kenya Read More

 The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has successfully completed a $325 million debt raise. The new funding brings EAAIF’s total recent capital raises to $620 million. The new financing round saw strong participation from a global consortium of public and private investors.
The post EAAIF receives $325M to turbocharge emerging market infrastructure investments appeared first on HapaKenya. Read More

 Africa’s intergovernmental ICT policy body, the African Telecommunications Union (ATU), and The Metaverse Institute have signed a Memorandum of Understanding (MoU) at ATU’s headquarters in Nairobi. The strategic partnership commits both organizations to establish an African governance and adoption framework for the metaverse, an integrative ecosystem of virtual worlds offering immersive experiences to users, that
The post ATU & Metaverse Institute partner for Metaverse Governance appeared first on HapaKenya. Read More

 Property developer, Mi Vida Homes, has announced a strategic partnership with Space Master Properties for the commercial and construction development of Habitat. Habitat is a 24-storey mixed-use project on Ralph Bunche Road in Nairobi that aims to tap into Nairobi’s medical tourism sector. Habitat is set to be a comprehensive hub, featuring 42 medical suites,
The post Mi Vida Homes enters medical tourism real estate with new Nairobi project appeared first on HapaKenya. Read More

 I&M Group PLC has announced that it has received Ksh. 4.19 billion in capital from the sale of 86.5 million new ordinary shares to East Africa Growth Holdings (EAGH). EAGH is a special purpose vehicle backed by leading global impact investors AfricInvest, FMO, and Norfund at Ksh. 48.42 per share. This represents an 81% premium
The post I&M Group receives Ksh. 4.19B investment from East Africa Growth Holdings appeared first on HapaKenya. Read More

 Stanbic Bank Kenya has reaffirmed its commitment to the growth and transformation of Kenya’s tea sector through a robust suite … ContinuedThe post Stanbic Bank Deepens Investments With Roots Deep In Tech appeared first on Soko Directory. Read More

 Safaricom has announced that it has expanded it loans products on its M-PESA platform to more businesses that include SMEs. Businesses will have access to credit through an overdraft facility, Fuliza Biashara and a Term loan Taasi Till. Taasi Till is a business loan that offers short-term loans that range between Ksh. 1,500 to Ksh.
The post How SMEs can access loans of up to Ksh. 400,000 from Safaricom M-PESA appeared first on HapaKenya. Read More